Mortgage activity surges amid help-to-buy speculation

May figures from banking group show annual increase of 45 per cent in value of lending

29th June, 2017
Mortgage figures signal more rises in house prices. Pic: Pixabay

Figures from the organisation representing banks this morning show a surge in mortgage activity in May, as well as signalling continuing strong rises in house prices.

The figures from the Banking and Payments Federation Ireland (BPFI) show that 4,124 mortgages were approved in May, up 35.4 per cent from May last year and 23.5 per cent from April.

The figures come amid speculation about the future of the government’s help to buy tax rebate for first-time buyers....

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